Cooperation between Hungary and China is expanding dynamically in all areas, Hungary’s foreign minister told public media in Sofia, after talks with Chinese premier Li Keqiang and Bank of China chairman Chen Siqing.

Hungary’s home market has not overheated yet for the country as a whole, but prices in Budapest “slightly exceed” the level justified by economic fundamentals, the National Bank of Hungary said in a biannual report.

Hungarian economic players must learn to transition from state-based financing to market-based financing, NBH deputy-governor Márton Nagy said at a conference organised by the European Bank for Reconstruction and Development (EBRD) in Budapest.

Foundations run by Hungary’s central bank have purchased plots of land in a Budapest business district for 55 million euros. Fully 200,000sqm of office and residential space can be built on the combined seven-and-ahalf hectares, Zoltán Fekete, the head of Optima Befektetési, which manages the foundations’ assets, said. The plan is to build 150,000sqm of office space and complement it with stores ...

The National Bank of Hungary sees no threat of deflation in the country despite inflation being well below the 3% target, a senior analyst at the central bank said. András Balatoni told public news channel M1 that Hungary is in no way threatened by the level of deflation Japan battled in the 90s.

Socialist Party leader József Tóbiás on Thursday said he will ask for a meeting with President János Áder to personally request the resignation of the central bank governor and the chief prosecutor. Tóbiás told a press conference that the president had not met his party’s request to make a statement about the questions raised over central bank spending, which was why he wanted to speak to Ader in ...

Socialist party leader József Tóbiás has called on President János Áder to make a statement regarding questions raised over central bank spending. Speaking at a press conference in front of the presidential Sándor Palace on Friday, Tóbiás said central bank governor György Matolcsy and the central bank’s foundations “endanger Hungary’s financial stability and weaken the forint”.

Prime Minister Viktor Orbán has repeatedly voiced support for the governor of the National Bank of Hungary, after opposition Socialist and LMP deputies urged his removal in parliament. György Matolcsy has “saved” forex debtors, promoted Hungary’s economic growth with a loan programme and reduced inflation, the prime minister argued and assured him of his “full” support.

Cooperation between Hungary and China is expanding dynamically in all areas, Hungary’s foreign minister told public media in Sofia, after talks with Chinese premier Li Keqiang and Bank of China chairman Chen Siqing.

Hungary’s home market has not overheated yet for the country as a whole, but prices in Budapest “slightly exceed” the level justified by economic fundamentals, the National Bank of Hungary said in a biannual report.

Hungarian economic players must learn to transition from state-based financing to market-based financing, NBH deputy-governor Márton Nagy said at a conference organised by the European Bank for Reconstruction and Development (EBRD) in Budapest.

Foundations run by Hungary’s central bank have purchased plots of land in a Budapest business district for 55 million euros. Fully 200,000sqm of office and residential space can be built on the combined seven-and-ahalf hectares, Zoltán Fekete, the head of Optima Befektetési, which manages the foundations’ assets, said. The plan is to build 150,000sqm of office space and complement it with stores ...

The National Bank of Hungary sees no threat of deflation in the country despite inflation being well below the 3% target, a senior analyst at the central bank said. András Balatoni told public news channel M1 that Hungary is in no way threatened by the level of deflation Japan battled in the 90s.

Socialist Party leader József Tóbiás on Thursday said he will ask for a meeting with President János Áder to personally request the resignation of the central bank governor and the chief prosecutor. Tóbiás told a press conference that the president had not met his party’s request to make a statement about the questions raised over central bank spending, which was why he wanted to speak to Ader in ...

Socialist party leader József Tóbiás has called on President János Áder to make a statement regarding questions raised over central bank spending. Speaking at a press conference in front of the presidential Sándor Palace on Friday, Tóbiás said central bank governor György Matolcsy and the central bank’s foundations “endanger Hungary’s financial stability and weaken the forint”.

Prime Minister Viktor Orbán has repeatedly voiced support for the governor of the National Bank of Hungary, after opposition Socialist and LMP deputies urged his removal in parliament. György Matolcsy has “saved” forex debtors, promoted Hungary’s economic growth with a loan programme and reduced inflation, the prime minister argued and assured him of his “full” support.

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